ASIC - Drivers of small business insolvency

Question

1. During Estimates, ASIC identified the principal factors contributing to current insolvency trends. 2. Please provide any analysis undertaken by ASIC of the factors associated with company insolvencies in: a. FY25; and b. FY26 to date. 3. Please identify and rank: a. the ten most commonly identified factors associated with insolvencies; and b. the proportion attributable to each factor. 4. Please provide any industry-specific analysis undertaken by ASIC regarding the drivers of insolvency in: a. Construction; b. Hospitality and food services; c. Retail trade; and d. Transport and logistics. 5. Has ASIC identified any emerging causes of insolvency that were not prominent prior to FY22? 6. If so, please provide details.

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000272 ASIC - Drivers of small business insolvency.pdf (opens in a new tab)